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Fraud mitigation – Members can participate on Thursday, October 10 at 3 pm ET, to explore ways in which we can address the concerns around safety and security. With the close of the comment period approaching, now is the time to ensure your participation and make your voice heard. These Town Halls are important to the FPC.
The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. In any event, the message follows the ISO20022 standard, which according to the Federal Reserve will bring “interoperability, end-to-end efficiency of payments, and future innovation” to the FedNow Service.
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